Caterpillar (CAT) Debt to Equity (2009 - 2026)
Caterpillar (CAT) recorded quarterly Debt to Equity of $1.07 in Q1 2026, up 113.35% quarter-over-quarter from $0.5 in Q4 2025, and up 12.44% on a YoY basis from $0.95 in Q1 2025.
Caterpillar (CAT) Debt to Equity (2009 - 2026) Analysis & Trends
Caterpillar's Debt to Equity history runs 18 years deep, the most recent figure standing at $1.07 for Q1 2026.
- In Q1 2026, Debt to Equity rose 12.44% year-over-year to $1.07; the TTM figure through Mar 2026 stood at $1.07 (up 12.44% YoY), while the FY2025 annual figure was $0.5, down 69.14% from the prior year.
- Debt to Equity was $1.07 for Q1 2026 at Caterpillar, up from $0.5 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $1.99 in Q4 2022 to a low of $0.5 in Q4 2025.
- Historically, Debt to Equity has averaged $1.02 across 5 years, with a median of $0.95 in 2025.
- The sharpest annual moves came in 2024 and 2025: Debt to Equity surged 70.67% in 2024, then tumbled 69.14% in 2025.
- A 5-year view of Debt to Equity shows it stood at $1.99 in 2022, then retreated by 25.1% to $1.49 in 2023, then gained by 9.08% to $1.63 in 2024, then sank by 69.14% to $0.5 in 2025, then soared by 113.35% to $1.07 in 2026.
- The last three Debt to Equity figures came in at $1.07 (Q1 2026), $0.5 (Q4 2025), and $0.83 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 397.22 Bn | 393.14 Bn | 6.11 Bn | 1.07 |
| 2 | Deere | 151.61 Bn | 143.71 Bn | 13.06 Bn | 0.79 |
| 3 | Paccar | 60.18 Bn | 59.49 Bn | 1.36 Bn | - |
| 4 | Oshkosh | 8.00 Bn | 7.75 Bn | 311.90 Mn | 0.13 |
| 5 | Terex | 5.74 Bn | 5.35 Bn | 206.00 Mn | 0.57 |
| 6 | Blue Bird | 2.18 Bn | 1.91 Bn | 70.65 Mn | 0.30 |
| 7 | Alamo | 1.82 Bn | 1.62 Bn | 104.81 Mn | 0.25 |
| 8 | Lindsay | 1.21 Bn | 1.02 Bn | 42.35 Mn | 0.24 |
| 9 | Astec Industries | 1.14 Bn | 1.06 Bn | 99.10 Mn | 0.56 |
| 10 | Hyster-Yale | 613.93 Mn | 618.23 Mn | 124.80 Mn | 0.92 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.07 |
| Dec 31, 2025 | 0.50 |
| Sep 30, 2025 | 0.83 |
| Jun 30, 2025 | 1.01 |
| Mar 31, 2025 | 0.95 |
| Dec 31, 2024 | 1.63 |
| Sep 30, 2024 | 0.64 |
| Jun 30, 2024 | 0.90 |
| Mar 31, 2024 | 1.40 |
| Dec 31, 2023 | 1.49 |
| Sep 30, 2023 | 0.78 |
| Jun 30, 2023 | 0.52 |
| Mar 31, 2023 | 0.85 |
| Dec 31, 2022 | 1.99 |
| Sep 30, 2022 | 0.61 |
| Jun 30, 2022 | 1.06 |
| Mar 31, 2022 | 1.18 |
| Dec 31, 2021 | 1.90 |
| Sep 30, 2021 | 0.78 |
| Jun 30, 2021 | 1.18 |